Video: https://youtu.be/lJ45jwwUZbY**NEW Mentorship Vid: https://blog.blog.blog.bullsonwallstreet.com/swingmentorshipPublic webinar recording: https://www.youtube.com/watch?v=rXg967Pz3dcAn hour after the open the market is popping and getting extended. There is still some room before hitting resistance. Ideally the market consulates or pulls back before the first remount attempt. This would increase the probability of a sustained move. I used the pop to lighten up, taking profits in SPXL. Oil is pulling back off the inventories report (see video as it happened live as I was recording). I might exit if price dips down to $11.70.Since I lighten up with the SPXL entry, I can add a position. BABA, FCX, LULU and ISRG are candidates.I added FB yesterday on the moving average remount.Relative strength areas include Brazil, India, software and small caps. Beaten down areas like semis, retail, housing, biotech and energy are also starting to show strong bounce potential.Key long leveraged ETFs include TQQQ, TNA, LABU, ERX, SOXL, FASFocus List Longs (besides ETFs): ROKU, CLF, X, NFLX, AMZN, ETSY, SHAK, WWE, TEAM, AYX, MDB, TWLO, SQ, CYBR, HUYA, BABA, FCX, ISRG, LULUPotential short plays: SQQQ, TZA, FAZ, LABD, DWT, NVDACurrent Positions: Took profits in SPXL. Added FB on bottoming remount. Holding UWT, NVDA, WYNN, .Today's video:
Please read the Education Archive and posts 23 Laws of the Part Time Swing Trading the Market Speculator Wayhttps://blog.bullsonwallstreet.com/23-laws-part-time-swing-trading-market-speculator-way/How To Use Swing Dashboard: https://blog.blog.blog.bullsonwallstreet.com/how-to-use-the-new-swing-trader-dashboard/Chat With Traders Interview: http://chatwithtraders.com/ep-058-paul-singh/29 Essential Trading Posts: https://blog.blog.blog.bullsonwallstreet.com/29-essential-swing-trading-posts-2016/New subscribers and trial members please leave me any feedback/comments in the comments, via email (singhjd1@aol.com) or twitter(www.twitter.com/PaulJSingh)
